menu
Back to blog
Partnership
CrossFi picks DIA as its Cross-Chain Oracle Provider to Power its Chain
Uruba Niazi

VP of Marketing - Content

15 Feb 2024
2 min read
0 comments

CrossFi has partnered with DIA, a cross-chain oracle provider, to power its L1 blockchain and apps. Oracles are the bridge that connects the blockchain with off-chain and real-time data like interest rates, stock exchange, stablecoin prices, etc.

Feb 15, 2024, San Francisco

Cross Finance is a next-generation digital ecosystem of cutting-edge payment solutions, bridging the worlds of banking and blockchain. Cross Finance seamlessly integrates these two pivotal segments of the global economy into a unified ecosystem, offering unparalleled scalability and processing speed of up to 1 million transactions per second through the core of the CrossFi Chain—a modular architecture based on Cosmos Tendermint.

The decentralized and robust nature of the blockchain has its benefits and challenges. One challenge is having a decentralized connection to the off-chain world to execute on-chain smart contracts using information like the price of Bitcoin, Ethereum, stocks, and real-world currencies. DIA offers an open-source, customizable, and transparent cross-chain oracle for Web3 to power such operations. The decentralized oracle has a built-in fail-safe so that if one source is compromised, other sources continue to offer consistent and reliable data for the blockchain.

Technical and operational partners like DIA are the building blocks of a robust and scalable network. The CrossFi team was thoroughly impressed by the DIA Oracle toolkit and no-code solutions for developers to reduce their deployment time without compromising transparency, customization, and control. This partnership powers pivotal components of CrossFi apps and enables developers to create more bridges to real-world operations.

Alexander Mamasidikov

CEO, Chief ideologist & coordinator of the team

DIA’s all-in-one blockchain Oracle Suite offers developers no-code tools to autonomously create and manage blockchain oracles with complete transparency, customization, and control. This partnership will enable CrossFi APP and xAPP to power trading, liquidation, staking, and other tools on-chain. The mission of CrossFi is bridging the gap between real-world banking and crypto payments, so partners like DIA are pivotal in creating such a network.

We are excited to partner with Cross Finance to deploy our oracle infrastructure in its L1 blockchain. The integration will bring transparent and robust market data through DIA's oracle solutions to realize Cross Finance’s mission to become the next-generation ecosystem of cutting-edge payment solutions. DIA oracles will unlock a myriad of use cases and applications in the CrossFi ecosystem for over 20,000+ assets, driving innovation as well as enhancing utility for users.

Michael Weber

DIA Association President

To learn more about DIA visit: https://www.diadata.org/

About Cross Finance

CrossFi is a next-generation digital ecosystem of cutting-edge payment solutions, bridging the worlds of banking and blockchain. CrossFi seamlessly integrates these two pivotal segments of the global economy into a unified ecosystem, offering unparalleled scalability and processing speed of up to 1 million transactions per second through the core of the CrossFi Chain—a modular architecture based on Cosmos Tendermint. The Cross Finance foundation, rooted in Ethermint and Evmos, ensures interoperability between blockchains, transaction anonymity, and the integration of EVM-compatible DApps. The tandem operation of two native coins, MPX and XFI, fortifies CrossFi’s tokenomics foundation, providing users with a seamless and robust financial experience.

About DIA

DIA is a cross-chain data and oracle platform, serving over 40 L1 and L2s. The DIA architecture entails a novel first-party approach to data sourcing, by scraping trade data directly from DEXs & CEXs, rather than a reliance on trusted third-party data providers.

This enables DIA to provide 100% transparency and selection regarding which sources are used for data feeds, bespoke customization for dApps which require tailor-made oracles and enables DIA to support ecosystem-native and long tail assets.

252
0 comments

Show more (0)
Thanks
for subscribing

You will receive only the most interesting news from the world of finance

Read our blog
.01you may also like
Partnership
Cross Finance picks Bware Labs as its Infrastructure Partner Cross Finance picks its infrastructure partner, Bware Labs, for its industry’s highest-performance and most reliable development tools and services. 13 Feb 2024 • 1 min read
Partnership
Cross Finance and Covalent announce partnership to create a seamless and transparent transaction system Cross Finance has partnered with Covalent, a unified blockchain API provider to power a seamless experience to users and builders on the CrossFi blockchain. 13 Feb 2024 • 1 min read
Crypto
Crypto trends 2024 Cross Finance scans the blockchain industry constantly for new trends and technologies. Let us share the biggest 6 trends for 2024. 13 Feb 2024 • 2 min read
Crypto
blockchain crypto web3
5 things that make crypto unique Over 500 million people globally have verified their cryptocurrency accounts. Cryptocurrencies’ total capitalization long exceeded $1 trillion. What makes crypto so unique that people invest in it? Le... 12 Feb 2024 • 4 min read
CrossFi Chain Testnet
4 Incentivized Ways to Make Money with CrossFi at Your Fingertips Here is a look at the most lucrative incentives that have earned our users much coin! (Pun intended.) 12 Jul 2024 • 3 min read
CrossFi Chain Testnet
Dex Guru demos tools for success in upcoming CrossFi Hackathon Here is a short synopsis of what was discussed in the partner workshop with Dex Guru’s Evengy and a video of the workshop itself. 02 Jul 2024 • 3 min read
Partnership
CrossFi & DChain: Powering the Future of Web3 Gaming In a significant move to enhance the blockchain gaming ecosystem, CrossFi and DChain have announced a strategic partnership that promises to bring innovative solutions to the Web3 gaming space. 25 Jun 2024 • 1 min read
CrossFi Chain Testnet
Leading Validators Thrive on CrossFi Testnet: A New Era of Blockchain Success These narratives are a testament to the hard work and perseverance of our validators, who have navigated a challenging path to contribute to the growth and stability of the CrossFi ecosystem. 21 Jun 2024 • 5 min read
Event
10 Key Strategic Insights from CrossFi at the Proof of Talk Web3 Conference in Paris CrossFi, a frontrunner in the cross-chain DeFi space, was thrilled to participate in the Proof of Talk Web3 Conference in Paris, 10-11 June 2024. The conference was an impressive gathering of visionar... 13 Jun 2024 • 3 min read
Crypto
Key Takeaways From Money 20/20 Europe in Amsterdam 2024 We attended Money 20/20 Europe in Amsterdam to get a pulse on the industry. Here are the key takeaways and insights we gained from the conference. 12 Jun 2024 • 3 min read
Announcement
CrossFi Wins The Best All-In-One Blockchain Payment Solution in Americas Region Exciting News! 11 Jun 2024 • 1 min read
Cross Finance CrossFi Chain Testnet
How To Earn Crypto With CrossFi? If you aim to earn crypto, you have come to the right place. The CrossFi ecosystem is designed to reward users for participating and contributing to the platform. This post will describe how you can e... 06 Jun 2024 • 3 min read
CrossFi Chain Testnet
Why Should Everyone Try CrossFi Testnet Now? Welcome to the world of CrossFi, where innovative DeFi solutions, exciting gaming experiences, and cutting-edge trading platforms converge. Our suite of products, including the xApp, BingoRingo, and x... 06 Jun 2024 • 3 min read
Partnership
CrossFi and Versus-X Partnership CrossFi announces its strategic partnership with Versus-X, a multi-token and cross-chain wagering gaming studio. This collaboration will leverage the strengths of both platforms and bring about innova... 05 Jun 2024 • 2 min read
License